Tilson Financial Group Inc. Acquires New Shares in Alphabet Inc. $GOOGL

Tilson Financial Group Inc. acquired a new stake in Alphabet Inc. (NASDAQ:GOOGL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,388 shares of the information services provider’s stock, valued at approximately $747,000.

A number of other large investors have also recently added to or reduced their stakes in the business. New York Life Investment Management LLC lifted its holdings in Alphabet by 4.6% in the fourth quarter. New York Life Investment Management LLC now owns 860,513 shares of the information services provider’s stock valued at $269,341,000 after acquiring an additional 37,538 shares during the last quarter. Cornerstone Wealth Management LLC lifted its holdings in Alphabet by 1.4% in the fourth quarter. Cornerstone Wealth Management LLC now owns 42,520 shares of the information services provider’s stock valued at $13,309,000 after acquiring an additional 596 shares during the last quarter. Granite Bay Wealth Management LLC lifted its holdings in Alphabet by 32.3% in the fourth quarter. Granite Bay Wealth Management LLC now owns 1,795 shares of the information services provider’s stock valued at $562,000 after acquiring an additional 438 shares during the last quarter. Berman McAleer LLC lifted its holdings in Alphabet by 1.8% in the fourth quarter. Berman McAleer LLC now owns 6,210 shares of the information services provider’s stock valued at $1,944,000 after acquiring an additional 110 shares during the last quarter. Finally, Berkeley Capital Partners LLC lifted its holdings in Alphabet by 2.9% in the fourth quarter. Berkeley Capital Partners LLC now owns 8,921 shares of the information services provider’s stock valued at $2,792,000 after acquiring an additional 252 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $23.75, for a total transaction of $2,077,531.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Frances Arnold sold 102 shares of the company’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $381.00, for a total value of $38,862.00. Following the sale, the director directly owned 18,721 shares in the company, valued at $7,132,701. This represents a 0.54% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 193,016 shares of company stock valued at $17,282,549. Insiders own 11.61% of the company’s stock.

Alphabet Stock Down 3.9%

Alphabet stock opened at $361.85 on Wednesday. Alphabet Inc. has a twelve month low of $162.00 and a twelve month high of $408.61. The stock’s fifty day simple moving average is $347.16 and its 200-day simple moving average is $325.75. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $4.38 trillion, a P/E ratio of 27.60, a P/E/G ratio of 1.61 and a beta of 1.23.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.64 by $2.47. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. As a group, equities analysts expect that Alphabet Inc. will post 14.29 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be given a dividend of $0.22 per share. This is an increase from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, June 8th. Alphabet’s dividend payout ratio is currently 6.41%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a research note on Monday, April 20th. UBS Group restated a “neutral” rating on shares of Alphabet in a research note on Wednesday, May 20th. HSBC restated a “buy” rating and set a $420.00 price target (down from $435.00) on shares of Alphabet in a research note on Tuesday. Royal Bank Of Canada set a $425.00 price target on Alphabet and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Alphabet in a research note on Tuesday, April 28th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and a consensus price target of $413.04.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway’s $10 billion investment signals strong outside confidence in Alphabet’s AI and cloud strategy. Alphabet plans to raise $80 billion for AI goals, Berkshire to invest $10 billion
• Positive Sentiment: Analysts and commentators continue to argue that Alphabet remains a high-margin cash generator with attractive long-term earnings power. Google: AI Skeptics Proven Wrong as Business Booms
• Neutral Sentiment: Coverage of Alphabet’s expanding AI coding, hardware, and device strategy highlights broader growth opportunities, but it is not the main driver of today’s move. Microsoft and Google are late to AI coding, but ‘absolutely critical’ they compete for growth
• Negative Sentiment: The proposed $80 billion stock sale raises dilution concerns and underscores how expensive Alphabet’s AI race has become. Exclusive: EU cloud rules to curb Amazon, Google access to strategic tenders, draft document shows
• Negative Sentiment: Reports that EU cloud rules could restrict Google’s access to strategic government tenders add a regulatory overhang for the cloud business. Alphabet to raise $80 billion in equity capital for AI spending

Alphabet Company Profile

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.